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Share 2016-09-23 17:29 RATOS B 40.16 SEK

GS-Hydro

  • Juha Silvennoinen

    CEO

GS-Hydro is a leading global supplier of non-welded piping solutions. The company’s products and services are used within the marine and offshore industries, within land-based segments such as the paper and metals industries and in test equipment for the automotive industry.

In 2015 sales amounted to SEK 1,175m and EBITA to SEK 12m. Average number of employees 694.

Development 2016

(From Ratos's interim report January-June 2016)

  • Continued very weak trend and low demand in both the offshore and land-based segments. Negative earnings driven by low volumes, price pressure, continued over capacity and increasing costs in individual projects
  • The implementation of a global restructuring programme with a focus on efficiency and cost savings is under way and additional measures are being taken. Capital contribution of EUR 5m carried out

Read more about GS-Hydro